Analysis
Indiana's physics programs show wide variation in outcomes, and comparable bachelor's programs nationally suggest first-year earnings around $47,670—considerably higher than the $30,200 reported by Purdue's program, the only Indiana physics degree with actual public data. The estimated debt load of $23,400 yields a manageable 0.49 ratio, meaning graduates would owe roughly half their first-year salary. For a physics degree from an accessible public university serving a significant proportion of Pell-eligible students, this projects as financially reasonable.
The gap between national and Indiana earnings benchmarks is striking and worth understanding. Physics graduates often pursue graduate study or relocate for specialized positions, which may explain why peer programs nationally show higher starting salaries than the single Indiana data point available. If your student plans to remain in-state for employment immediately after graduation, the lower local benchmark becomes more relevant to their financial planning.
The lack of program-specific data here means you're making decisions with limited visibility into Indiana State's particular outcomes. However, the national peer group suggests physics remains a relatively safe bet compared to many bachelor's degrees: the debt burden is moderate, and the field typically offers clear career pathways. Just recognize that these estimated figures represent what similar programs produce elsewhere, not what Indiana State physics graduates have actually achieved.
Where Indiana State University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $9,992 | $47,670* | — | $23,424* | — | |
| $9,992 | $30,203* | — | $21,948* | 0.73 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Indiana State University, approximately 39% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the national median of 75 similar programs. Actual outcomes may vary.